Corporate revenues decreased by 31 per cent but profit margins decreased to 3.6 per cent in the June quarter. Domestic rating agency ICRA reported this by analysing the financial report of 489 companies which is at the conclusion. The GDP of the country fell down to 23.9 per cent during this quarter, which is the bad effect of total lockdown for the first two months.
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Corporate revenue decrease by 31% in June Quarter
By The Thrive
September 4
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